Blockchain Capital Raises $580 Million for New Investment Funds
Crypto investment firm Blockchain Capital has successfully raised $580 million for two new investment funds. The first fund, valued at $380 million, will focus on newer companies and protocols in pre-seed and Series A rounds. The second fund, worth $200 million, will target late-stage investments from Series B onwards.
Six Key Sectors
The allocated funds will be directed towards six key sectors: decentralized finance, centralized finance, centralized infrastructure, decentralized infrastructure, gaming, and consumer/social technologies.
In a press release, Blockchain Capital stated that their goal is to empower individuals by giving them control over their digital and financial lives through innovative blockchain-enabled applications and services.
Interest in Crypto Investment Continues
Despite a relatively subdued digital asset market over the past year, Blockchain Capital’s successful fundraising indicates sustained interest in crypto investment. The market faced challenges in 2022, but this hasn’t deterred investors.
Blockchain Capital acknowledges the volatility of the crypto market but believes in the long-term potential of blockchain technology. They have invested more capital into the next generation of innovators over the past 20 months than ever before.
Shifting Investment Approach
Blockchain Capital has recently made changes to its investment approach. They now lead most of the funding rounds they participate in, committing over 50% of the funding and securing a board seat. This strategy allows them to exercise greater governance oversight and access more allocation opportunities.
The firm’s limited partners include traditional institutional investors and strategic investors who are leaders in their respective sectors. This collaborative approach fosters enduring partnerships that drive growth opportunities.
Partnerships with Established Players
Payment giants Visa and PayPal were part of Blockchain Capital’s fifth early-stage fund in 2021. While they haven’t committed to the new funds, their involvement highlights the interest and support from established players in the financial industry.
Blockchain Capital has recently led funding rounds for Worldcoin developer Tools for Humanity and crypto infrastructure provider RISC Zero.
Hot Take: Blockchain Capital Sets New Milestone in Crypto Investment
Blockchain Capital’s successful fundraising demonstrates the continued interest and confidence in the crypto market. Despite recent challenges and market volatility, investors are recognizing the potential of blockchain technology and its various applications.
The firm’s strategic shift in leading funding rounds and forging partnerships with established players further solidifies its position as a leader in the industry. With their focus on empowering individuals through blockchain-enabled solutions, Blockchain Capital is well-positioned to drive innovation and growth in the sector.
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